At London time 9 a.m of June 17th, China Pacific Insurance (Group) Co., Ltd. (hereinafter referred to as "China Pacific Insurance" or "Company", stock ticker: CPIC) was successfully listed and commenced trading on the Shanghai Segment of the Main Market of London Stock Exchange (“LSE”), with an issue price of USD$17.60. China Pacific Insurance officially becomes the first Chinese insurance company to issue GDRs and the first ever A+H+G (Shanghai, Hong Kong, London) listed insurance company.

China Pacific Insurance's GDR issuance has set a number of firsts under the Shanghai-London Stock Connect, it is the first GDR to adopt Chinese Accounting Standards, to introduce cornerstone investor mechanism, to receive public float waver, and to realize online “virtual listing ceremony” between Shanghai and London. Kong Qingwei, chairman of the Board of Directors and executive Director of China Pacific Insurance said, “The successful issuance and admission of CPIC GDR in London will not only serve as a monument in the company’s history, but also become a symbolic event of “mutual trust, help, connect and interaction” between eastern and western capital markets. Chinese insurers need to import the experience of sophisticated international players, while China, given its prosperity and stability, is a perfect destination of investment in return”.

Since its establishment 29 years ago, China Pacific Insurance has undergone milestones and key changes such as industry division, listing, and transformation. The company focuses on the main insurance business, relies on the advantages of full insurance licenses, and continues to promote the balanced development of multiple business sectors. China Pacific Insurance strives to build a professional insurance management capability with core competitiveness, and gradually grow into a large comprehensive insurance group with strong capital, strong value creation capability, and excellent risk control level.

As the most influential insurance company, the issuance of GDR is a strategic decision for the company to serve the country's overall opening of its financial industry to the global market. It is an important step to strengthen the international status of the Shanghai International Financial Center. The successful issuance of GDR has further improved corporate governance standards, allows the company to further deepen its business layout, enhances the company's core competitiveness and its position in the capital market. It marked an important milestone for the two-way opening of China and the UK's capital market. Industry insiders reported that China Pacific Insurance's GDR issuance is benefited from China's financial reform and development. The company is expected to provide a valuable reference for A-share or insurance listed companies to enter the global core capital market through Shanghai-London Stock Connect.